Photo: Can Pac Swire / Flickr The service is launching with a remittance corridor to Jordan only, but is expected to expand to more countries in the near future, the bank said in a statement. NBK has a presence in China, Geneva, London, Paris, New York, and Singapore, and regionally in Lebanon, Jordan, Egypt, Bahrain,…

The National Bank of Kuwait (NBK) has rolled out a new blockchain-based service for instantaneous money transfers. The NBK was incorporated in 1952 as the first local bank and the first shareholding company in Kuwait and the Persian Gulf region. NBK, which is the largest financial institution in Kuwait with effective market dominance in the…